The American Spectator

home
ADVERTISEMENT
Print Email
Text Size

The Spectacle Blog

Doubling Down on Failure

The Harvard economist Edward Glaesary makes a key point about the recent calls for increased regulation over the financial sector: if the government fails spectatularly at regulating the first time around (the financial crisis), why would you then want to increase the government's involvement in regulation? It would be better to implement regulations that work the first time around, not more regulations.

View all comments (3) | Leave a comment

Tim| 6.9.09 @ 12:40PM

In Soviet Union, Bank robs you!

Sean| 6.9.09 @ 2:57PM

The real damage has been government involvement in propping up all these failed business and money that it is costing us citizens.

brooksanne| 6.10.09 @ 8:55AM

People have to thoroughly understand the nature of the first failure -- the "great society" underpinnings of the first round of regulations.

Then they can reject social planning through government "bright ideas" and stick to what really works, which is letting people make rational decisions based on likely (possibly negative) outcomes.

Leave a Comment

N.B. We encourage readers to share and discuss their thoughtful and relevant comments about this Spectator article. Comments are routinely monitored and will be deleted if profane, bigoted, or grossly impolite. Please be respectful. (And don't feed the trolls!) Thank you.

More Blog Posts by Joseph Lawler

http://spectator.org/blog/2009/06/09/doubling-down-on-failure

ADVERTISEMENT

The Spectacle Blog

Sulllivan Silliness

Ross Kaminsky | 5:40PM

Meghan McCain Doesn't Get It

Jeffrey Lord | 1:36PM

The Paul Factor

W. James Antle, III | 1:29PM

Bain v. Solyndra

W. James Antle, III | 12:11PM

Illusionist

Yogi Love | 10:06AM

At Least He Apologized

Ross Kaminsky | 8:34AM

SPONSORED LINKS

Special Feature

Better that we become a nation of choosers rather than beggars. Our symposium on choice from the May, 2012 issue:

A Time for Choosing

James Piereson

The Road from Serfdom

Stephen Moore and Peter Ferrara

FLASHBACK TO: 1984

Clip of the Day

Most Popular Articles

Meet the Flukes!

F. H. Buckley | 5.25.12

Terror by Any Other Name

Robert Stacy McCain | 5.29.12

The White House Sieve

Jed Babbin | 5.29.12

The Wisconsin Turning Point

Peter Ferrara | 5.23.12

In Search of Muhammad

Aymenn Jawad Al-Tamimi | 5.25.12

Osceola Who?

Reid Collins | 5.29.12

The Bain of Romney's Existence

W. James Antle | 5.29.12

ADVERTISEMENT